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Almost 1,700 USA stores inside malls closed in 2018, according to Bank of America, and so far this year, closings have reached more than 4,000. This is the future of malls. - CBS This Morning
WIRED's Emily Dreyfuss talks with architecture professor Ellen Dunham-Jones about mall culture and the fate of dead malls. Hint, zombies and loneliness epidemic.
What's in store for retailers this holiday season? Unwrapping top 10 holiday shopping trends, how much consumers plan to spend, where they'll shop, & latest digital trends. - From Deloitte USA
For Alibaba, 24 hours of experience filled shopping, $38.4 Billion in gross revenue, a new record in the 11th edition of 11.11 Singles Day.
Brain Corp has deployed 3,000 industrial floor cleaners. Bossa Nova has deployed 350 inventory robots in Walmart, and Simbe expecting to deploy 500 systems over the next year. - From ABI Research
For decades, Toys "R" Us was a retail overall leader. Then they filed for bankruptcy in 2017 & liquidated six months later. How did Toys "R" Us go bankrupt? - From Wall Street Journal
Sobeys is pilot-testing a high-tech shopping cart that allows shoppers to skip the checkout line, but it is not intended to replace cashiers. From CityNews Toronto.
Would you accept skin care recommendations from Siri or Skynet? Maybe not, but you might have been served A.I.-picked recommendations, thanks to Sephora.
From augmented reality-powered mirrors to robot couriers, Alibaba's Intime shopping mall brings shopping innovations to Chinese consumers in time for Single's Day 11.11.
Coresight Research projects a positive USA Retail Holiday Season. Holiday shopping becoming less important to retailers.
At heart of Ikea's success is value. In fact, price is so important to Ikea's strategy that company first decides on price of a piece of furniture & then reverse engineers construction. - CNBC Make It
Malls as we know them are going out of style - but that doesn't mean they're dying. Instead, they're using AI, curated experiences, and more to evolve and fit into the world of tomorrow.
Synchrony’s latest consumer research tracks adoption and interest in new and emerging retail technology. Results for Personalization, Augmented Reality, Bio-Authentication and Simplification.
New research from a survey of 4,300 Chinese consumers suggests a path forward for brands and marketers seeking the next wave of growth. - From McKinsey & Company
With Facial Recognition, Smart Shelf signals, Personalized Promotions, Package & Bio-metric scanning, in-store & shopping experience as a whole is revolutionized for customers as well as retailers.
More than 90% of members who try Scan & Go use it again on their next trip, and regular use is up 40% this year. That’s because it makes shopping easier and members like that. - From Sam's Club
Will Amazon conquer the world? From banking to data, food delivery to healthcare, the FT's Lex looks at which sectors should fear the tech giant the most. From Financial Times
Latest technology and what it means for the 60 million people who work in the garment industry. - From Wall Street Journal
Browse and buy – in another dimension – at the mixed-reality shopping booth at Taobao Maker Festival 2019.
Evolutionary AI models a business and tests strategies to anticipate the likelihood of success.
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Continuing our journey to learn something new, we next stop in Sydney Australia. The nickname of Sydney is Sin City which was the name given in the 20th century because of the crime rate and corruption.
Sydney officially became a city in 1842. It is situated at a similar latitude to Cape Town and Buenos Aires in the Southern Hemisphere and Casablanca, Los Angeles, and Beirut in the Northern Hemisphere.
Lots of cultures can be found in Sydney where there are more than 250 different languages spoken with English, Arabic, Cantonese, Mandarin, Greek, and Vietnamese being the main.
The steel and concrete Harbor Bridge, in addition to the Opera House in this picture are some of the highest recognized landmarks in the world. The Harbor Bridge is affectionally nicknamed as the Coat Hanger.
The Sydney Opera House was listed as a UNESCO World Heritage site in 2007. Queen Elisabeth II inaugurated its opening on October 20, 1973. The roof is made of 2,194 precast concrete sections which way up to 15 tons. Eight Boeing 747s could sit wing-to-wing on the site.
Sydney was another business stop to meet with the local sales teams and major retailers. Favorite places like Sydney are what inspires my multi-cultural approach to business and life. It is a big world out there. Take the time to dream, explore, and discover the possibilities of creating a life with no regrets. The world will not come to an end today as it is indeed already tomorrow in Australia.
The Real Retail Reality: Stores Thrive Among Uncertainty
With new retail supply projected to drop by 45% in 2025, the focus is shifting to optimizing existing spaces. As a result, vacancy rates remain tight, and interest in existing retail properties continues to grow. Physical stores still account for the vast majority of core retail sales—76.2%—and the pace of erosion is slowing as online growth stabilizes. - From Colliers Read more
The 10 Most Common Scams in America and How to Avoid Them
Americans lost over $9 billion to scams in 2024 alone, with fraudsters targeting victims through phishing, fake jobs, IRS impersonations, and more. - From Infographic Journal
China Coffee Wars — Why Starbucks Is Losing The Battle With Luckin -CNBC
Despite adding around 1,500 new stores between 2022 and 2024, Starbucks’ revenue hasn't increased. Competition from chains like Luckin, Cotti and Manner have increased sharply in the years following the pandemic. Read more
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